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📍 Nelson, MO · Zillow ZHVI · July 2026

Average Home Price in
Nelson, MO

Marshall, MO metro area · Saline County County

Median Home Value
$309,403
↑ 14.8% year-over-year
vs. National Median
$410,000
Nelson is 25% below
Est. Monthly Payment
$1,614/mo
20% down · 6.8% rate
Income Needed
$82K
gross annual (30% rule)
Median Home Value
$309,403
↑ 14.8% year-over-year
Down Payment (20%)$61,881
Monthly P&I$1,614/mo
With Taxes & Ins.~$2,050/mo
Income Needed$82,000/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Nelson, MO

The median home value in Nelson, MO is $309,403 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.8% compared to a year ago and up 9.1% from two years prior.

Compared to the U.S. national median of $410,000, homes in Nelson are priced25% below average. Nelson is part of the Marshall, MO metro area.

City Comparison

Nelson vs. National Median

🏠 Nelson
$309,403
National Median
$410,000

At $309,403, homes in Nelson cost 25% below the national median of $410,000. This makes Nelson a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Nelson?

20% Down Payment
$61,881
on $309,403
Monthly P&I
$1,614/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,050/mo
incl. taxes & insurance
Income Needed
$82,000
gross annual (30% rule)
10% Down Option
$30,940
+ PMI applies
Loan Amount (20% dn)
$247,522
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Nelson, MO?
The median home value in Nelson is $309,403 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.8% year-over-year.
How much have home prices changed in Nelson?
Over the past year, home values in Nelson have increased by 14.8%.
How much do I need to earn to buy a home in Nelson?
To comfortably afford the median home price of $309,403 with a 20% down payment ($61,881) at today's rates (6.8%), you'd need a gross annual income of approximately $82,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Nelson compare to the national average home price?
The national median home value is approximately $410,000. At $309,403, homes in Nelson are 25% below the national average.
What metro area is Nelson part of?
Nelson is part of the Marshall, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.